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Search Results 0 to 7 of about 8 (some duplicates have been removed)
for democrats, a humbled speaker of the house, john boehner, struck a conciliatory tone. after keeping control of the house, but losing seats. he signaled a possible willingness to compromise on taxes and extended an olive branch to the president. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans, but as americans. let's rise above the dysfunction and do the right thing together for our country. >> reporter: rush limbaugh almost seemed at a loss of words when describing the republican defeat. >> i went to bed last night thinking, we're outnumbered. i went to bed last night thinking we've lost the country. >> reporter: as returns were still rolling in, sarah palin seemed stunned. >> unfortunately, we know what we will get with four more years of obama. this really is a catastrophic setback to our economy. it's a perplexing time for many of us right now. >> reporter: in high-profile races from the top on down, it was a night of republican concession speeches. >> i pray that the president will be successful in guiding our nation. >> she won it fair and
, fights breaking out. >>> an abc news exclusive. house speaker john boehner draws a line in the sand two days after the election. saying any tax increase would be unacceptable. the standoff, now, already set, as the president gets surprisingly emotional. >> i'm really proud of all of you. and, uh -- >> in this brand-new footage, released overnight. >>> armed and dangerous. the massive manhunt for the bank robber called the ak-47 bandit. now, caught on tape, holding up banks across the west with an automatic rifle. police racing to track him down before he strikes again. >>> and the surprising revelation from the woman we all know from the dance floor. brooke burke-charvet's surprising diagnosis. the 41-year-old superfit mother of four's new health battle. >>> always nice to see that we are well-protected here in times square. good morning, everyone. robin is on the mend. elizabeth vargas is back. and, boy, so much anger building up here in the northeast. tens of thousands, now, day 11 without power. the utility companies are under fire for that. and gas is still so hard to find for so ma
. >> reporter: in his previous efforts to strike a so-called grand bargain with speaker of the house john boehner, the president proposed $800 billion in new tax revenues. but now, he is seeking twice that. $1.6 trillion in new taxes over the next ten years. that's a bitter pill for republicans to swallow. speaker boehner has called raising tax rates on anybody unacceptable. but he hasn't ruled out limiting deductions and closing loopholes. and that could be the outline of a possible deal. >> if you looked closely at what the president had to say, looked closely at what i have had to say, there are no barriers here to sitting down and beginning to work through this process. >> reporter: but if they don't come to a resolution, beginning january 1st, the economy could be thrown back into recession. and households making $70,000 a year could see their taxes increase over $4,000. the president said he is open to new ideas. and if republicans have a way to raise taxes on the wealthy without raising rates, he wouldn't slam the door on them. george? >> the dancing begins. jon, thanks very much.
Search Results 0 to 7 of about 8 (some duplicates have been removed)